Photo credit: FNI

Global Ferronickel Holdings, Inc. (FNI), one of the country’s leading nickel producers, disclosed significant leadership changes following its Board of Directors meeting on August 27, 2025, as part of its commitment to stability and strong corporate governance.

The company announced that Joseph C. Sy, Chairman of the Board, has taken a voluntary leave of absence effective immediately. The decision will allow Mr. Sy to focus on addressing his personal legal matters while ensuring that the interests of the company and its stakeholders remain protected.

To maintain seamless leadership and operational continuity, the Board elected the company’s President, Dante R. Bravo, as Chairman of the Board. Bravo will concurrently hold both positions, subject to annual review by the Board and the Corporate Governance Committee to ensure transparency and accountability in carrying out his dual responsibilities.

In addition, the Board created the position of Vice Chairman of the Board to further strengthen independent oversight within the company. The role is intended to provide governance checks, preside over meetings in the absence of the Chairman, act as an intermediary between the Chairman and other directors when necessary, and lead sessions of the non-executive directors. Jaime F. Del Rosario, the company’s Lead Independent Director, has been appointed as the first Vice Chairman.

The company said these measures underscore its commitment to reinforcing leadership structure and enhancing corporate governance while continuing to execute its business strategy and protect the interests of shareholders.